MCDANIEL CHARITABLE FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MCDANIEL CHARITABLE FOUNDATION (EIN 76-0538313)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2018-01-30
- IRS object ID
- 201810309349100521
- Schema version
- 2016v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-01-30T16:19:51-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760354302 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEAD MAXWELL & MCKENNA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 MARKET ST SUITE 401 | AddressLine1Txt |
| City | GALVESTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77550 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 760538313 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCDANIEL CHARITABLE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MCDA | BusinessNameControlTxt |
| Phone | 4099422946 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 108 | AddressLine1Txt |
| City | HITCHCOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77563 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHELLE LYONS SPIER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4099422946 | PhoneNum |
| Signature | 2018-01-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HARRY D MAXWELL JR | PreparerPersonNm |
| PTIN | P00627267 | PTIN |
| Phone | 4097636479 | PhoneNum |
| Preparation | 2018-01-29 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | 378F613000319C0BEA388E048F754F015A67F5A1 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 896A2B4B7BD8490B3E0292DE8904CB184E77C909 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $11,641,396 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,486 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,486 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $201,099 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $201,099 | DividendsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$23,240 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $196,309 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,868,737 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $197,138 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $272,931 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $15,278 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $671,825 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $415,001 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $108,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $12,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $96,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $54,583 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $7,146 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $44,837 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $70,539 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $10,709 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $58,576 | PensionEmplBnftDsbrsChrtblAmt |
| Interest Rev And Expnss | $9,086 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $9,086 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $6,529 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $92 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $10,514 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $10,338 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $90,699 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $77,114 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,648 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $349,950 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $126,485 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $209,061 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $29,917 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $29,917 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $379,867 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $126,485 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $238,978 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $291,958 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $288,516 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $158,712 | CashBOYAmt |
| Cash EOY | $72,274 | CashEOYAmt |
| Cash EOYFMV | $72,274 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,930,594 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $921,044 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $921,044 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $28,805 | AcctRcvblAmt |
| Acct Rcvbl BOY | $27,920 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $28,805 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $28,805 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $6,368,764 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $1,606,569 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $6,368,764 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $6,368,764 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $2,913 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $6,291 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $6,291 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $216,829 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $134,541 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $134,541 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $802,840 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,069,185 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,069,185 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $5,131,676 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,033,196 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,033,196 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $13,132 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,836 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $6,298 | LandBOYAmt |
| Land EOY | $7,296 | LandEOYAmt |
| Land EOYFMV | $7,296 | LandEOYFMVAmt |
| Total Assets BOY | $9,884,351 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,641,396 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $11,641,396 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $3,746 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $2,795 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3,746 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,795 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $9,880,605 | UnrestrictedBOYAmt |
| Unrestricted EOY | $11,638,601 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,880,605 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $11,638,601 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,884,351 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $11,641,396 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,880,605 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $291,958 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,466,038 | OtherIncreasesAmt |
| Subtotal | $11,638,601 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $11,638,601 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| U.S. TREAS NOTE, 4.50% | P | 2008-08-20 | 2016-02-16 | $15,000 | $15,000 | ||
| 20% INT TEXAS MOLECULAR PSHIP | D | 2014-04-16 | 2016-04-30 | $3,764,444 | $3,650,198 | $114,246 | $114,246 |
| PROSHARES NAT GAS PTP-SEC 1256 STRAD | P | $236 | -$236 | -$236 | |||
| PROSHARES NAT GAS PTP-SEC 1256 STRAD | P | $355 | -$355 | -$355 | |||
| SCW CAPITAL LP-GAINS PASSED THRU | P | $5,810 | -$5,810 | -$5,810 | |||
| SCW CAPITAL LP-GAINS PASSED THRU | P | $89,234 | $89,234 | $89,234 | |||
| SCW CAPITAL LP-SEC 1231 GAIN | P | $59 | $59 | $59 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $197,138 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $82,892 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $281,170 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $10,335,139 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.027205 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $372,687 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $9,602,338 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.038812 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $560,242 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $7,917,727 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.070758 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,299,952 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,198,419 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.158561 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $932,150 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $4,022,613 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.231727 | DistributionYr5Rt |
| Total Distribution | 0.527063 | TotalDistributionRt |
| Average Distribution | 0.105413 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $10,651,184 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,122,773 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,885 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,125,658 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $238,978 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,770 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $5,770 | SubtotalAmt |
| Tax Based On Investment Income | $5,770 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,450 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $3,450 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $37 | EsPenaltyAmt |
| Tax Due | $2,357 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | HTTP://MCDANIELCHARITABLEFOUNDATION.ORG/ | WebsiteAddressTxt |
| Individual With Books | JULIE BARNETT | IndividualWithBooksNm |
| Phone | 4099422946 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 108 | AddressLine1Txt |
| City | HITCHCOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77563 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MICHELLE LYONS SPIER | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | PRESIDENT | 20.00 | $12,000 | $7,675 | $0 |
| MELISSA LYONS GARDNER | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | SECRETARY | 20.00 | $12,000 | $7,733 | $0 |
| RACHEL LYONS | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | TREASURER | 1.00 | $12,000 | $7,547 | $0 |
| MADISON SPIER | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | DIRECTOR | 1.00 | $12,000 | $0 | $0 |
| JULIE BARNETT | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | SCHOL. COORD | 40.00 | $60,000 | $10,574 | $0 |
| CHRISTOPHER JOHNSON | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | DIRECTOR | 1.00 | $0 | $591 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROVIDED SCHOLARSHIPS TO STUDENTS AND SUPPORTED VARIOUS NON-PROFIT ORGANIZATIONS | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,230,697 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,540,296 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $42,392 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,813,385 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $10,813,385 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $162,201 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,651,184 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $532,559 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $532,559 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,770 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,770 | TotalTaxAmt |
| Distributable Before Adj | $526,789 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $526,789 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $526,789 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $238,978 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $238,978 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $238,978 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $526,789 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $731,291 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $895,640 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $167,508 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $55,928 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $1,850,367 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $238,978 | QualifyingDistributionsAmt |
| Applied To Current Year | $238,978 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $287,811 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $287,811 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,562,556 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $443,480 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,119,076 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $895,640 | ExcessFromYear4Amt |
| Excess From Year3 | $167,508 | ExcessFromYear3Amt |
| Excess From Year2 | $55,928 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE MCDANIEL CHARITABLE FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 108 | AddressLine1Txt |
| City | HITCHCOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77563 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4099421910 | RecipientPhoneNum |
| Recipient Email Address | CONTACTUS@MCDANIELFOUNDATION.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | SEE ATTACHED APPLICATION | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | JUNE 1ST | SubmissionDeadlinesTxt |
| Restrictions On Awards | BASED ON NEED & MERIT; MUST BE GALVESTON RESIDENT & ATTEND A TEXAS SCHOOL. ONLY RENEWAL APPLICATIONS ACCEPTED; THE FOUNDATION IS NOT ACCEPTING NEW SCHOLARSHIP APPLICATIONS FOR THIS PROGRAM. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Recipient Foundation StatusRecipientFoundationStatusTxt |
|---|---|---|---|---|---|---|---|---|
| BRANTLEY RYAN | ||||||||
| 2700 BAY AREA BLVD | SUITE 1105 | HOUSTON | TX | 77058 | NONE | SCHOLARSHIP | $3,000 | |
| MARTIN KARA | ||||||||
| 3110 MUSTANG AVE | ALVIN | TX | 77511 | NONE | SCHOLARSHIP | $3,000 | ||
| HOUGHTALING ABIGAIL | ||||||||
| ONE UTSA CIRCLE | SAN ANTONIO | TX | 78249 | NONE | SCHOLARSHIP | $5,000 | ||
| VAWTER EMILIE | ||||||||
| P O BOX 30016 | COLLEGE STATION | TX | 778423016 | NONE | SCHOLARSHIP | $4,000 | ||
| VASQUEZ BENI | ||||||||
| 1200 AMBURN RD | TEXAS CITY | TX | 77591 | NONE | SCHOLARSHIP RETURNED | -$1,468 | ||
| TURNING POINT | ||||||||
| P O BOX 2118 | GALVESTON | TX | 77553 | NONE | HANDICAP THERAPY | $1,500 | 509(A)(1) | |
| ORLEANS AUDUBON SOCIETY | ||||||||
| 801 RUE DAUPHINE STE 304 | METAIRIE | LA | 700054810 | NONE | CONSERVATION | $10,000 | 509(A)(1) | |
| FIRST UNITED METHODIST CHURCH | ||||||||
| 212 W BENTON AVE | DEVINE | TX | 78016 | NONE | SCHOLARSHIPS/GENERAL SUPPORT | $12,000 | 509(A)(1) | |
| SIGHT INTO SOUND | ||||||||
| 3935 ESSEX LANE | HOUSTON | TX | 77027 | NONE | CHARITABLE | $10,000 | 509(A)(1) | |
| SALVATION ARMY OF GALVESTON CNTY | ||||||||
| 601 51ST STREET | GALVESTON | TX | 77551 | NONE | CHARITABLE | $10,000 | 509(A)(1) | |
| TEXAS AM UNIVERSITY | ||||||||
| P O BOX 1675 | GALVESTON | TX | 77553 | NONE | GRANT RETURNED | -$27,115 | GOV'T | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $29,917 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,486 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $201,099 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | -$161 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$23,079 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $15,278 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 562000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$829 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $197,138 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (7 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| TEXAS MOLECULAR LIMITED PSH | 562000 | $51,967 | ||
| TEXAS MOLECULAR LIMITED PSH | 1 | -$564 | ||
| TEXAS MOLECULAR LIMITED PSH | 562000 | $207,871 | ||
| TEXAS MOLECULAR LIMITED PSH | 1 | -$2,256 | ||
| SCW CAPITAL LP | 1 | $370 | ||
| SCW CAPITAL LP | 1 | -$1,677 | ||
| SCW CAPITAL LP | 211110 | $1,942 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $260,790 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $387,795 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $648,585 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (28 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| SPEAKER PHONE | 2015-07-22 | $141 | $8 | S/L | 7.0000 | $20 | $18 |
| SPEAKER PHONE | 2015-07-22 | $141 | $8 | S/L | 7.0000 | $20 | $18 |
| SPEAKER PHONE | 2015-07-22 | $141 | $8 | S/L | 7.0000 | $20 | $18 |
| SPEAKER PHONE | 2015-07-22 | $141 | $8 | S/L | 7.0000 | $20 | $18 |
| DESK | 2016-04-30 | $162 | S/L | 7.0000 | $15 | $13 | |
| HP WIRELESS PRINTER | 2016-06-18 | $236 | S/L | 5.0000 | $24 | $22 | |
| ERGOMONIC MESH CHAIR | 2016-08-17 | $325 | S/L | 7.0000 | $15 | $13 | |
| ERGONOMIC MESH CHAIR | 2016-08-17 | $325 | S/L | 7.0000 | $15 | $13 | |
| ERGONOMIC MESH CHAIR | 2016-08-26 | $314 | S/L | 7.0000 | $15 | $13 | |
| ERGONOMIC MESH CHAIR | 2016-08-26 | $314 | S/L | 7.0000 | $15 | $13 | |
| ERGONOMIC MESH CHAIR | 2016-08-26 | $314 | S/L | 7.0000 | $15 | $13 | |
| HP LASERJET PRINTER | 2015-06-15 | $216 | $18 | S/L | 7.0000 | $31 | $28 |
| HP LASERJET PRINTER | 2015-06-15 | $216 | $18 | S/L | 7.0000 | $31 | $28 |
| HP LASERJET PRINTER | 2015-06-15 | $216 | $18 | S/L | 7.0000 | $31 | $28 |
| HIGH BACK EXECUTIVE BLACK CHAIR | 2012-03-14 | $312 | $172 | S/L | 7.0000 | $44 | $40 |
| HIGH BACK EXECUTIVE BLACK CHAIR | 2012-03-14 | $312 | $172 | S/L | 7.0000 | $44 | $40 |
| USED 5-DRAWER LATERAL FILE CABINETS | 2012-05-24 | $314 | $161 | S/L | 7.0000 | $45 | $40 |
| USED 5-DRAWER LATERAL FILE CABINETS | 2012-05-24 | $314 | $161 | S/L | 7.0000 | $45 | $40 |
| REFRIGERATOR | 2015-07-28 | $507 | $30 | S/L | 7.0000 | $73 | $66 |
| PORTABLE A/C UNIT | 2016-05-05 | $765 | S/L | 7.0000 | $73 | $66 | |
| CONFERENCE TABLE | 2012-03-14 | $877 | $479 | S/L | 7.0000 | $126 | $113 |
| EXECUTIVE DOUBLE PEDESTAL DESK | 2012-03-14 | $1,039 | $568 | S/L | 7.0000 | $149 | $135 |
| EXECUTIVE DOUBLE PEDESTAL DESK | 2012-03-14 | $1,038 | $568 | S/L | 7.0000 | $149 | $135 |
| STORAGE CREDENZA | 2012-03-14 | $988 | $541 | S/L | 7.0000 | $141 | $127 |
| STORAGE CREDENZA | 2012-03-14 | $988 | $541 | S/L | 7.0000 | $141 | $127 |
| (8) BLUE FABRIC CAPTAINS CHAIRS | 2012-03-14 | $961 | $525 | S/L | 7.0000 | $138 | $124 |
| TOSHIBA LAPTOP | 2015-09-27 | $758 | $38 | S/L | 5.0000 | $151 | $136 |
| TOSHIBA LAPTOP (JULIE'S) | 2015-10-03 | $758 | $38 | S/L | 5.0000 | $151 | $136 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| US BANK - COMMON STOCKS | $269,485 | $269,485 |
| SEA LION INC | $1,799,700 | $1,799,700 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $134,541 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $134,541 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| US BANK - PTP PSHIPS | FMV | $12,324 | $12,324 |
| FULLER DMS OFFICE LTD | FMV | $242,287 | $242,287 |
| TEXAS MOLECULAR LIMITED PARTNERSHIP | FMV | ||
| TEXAS MOLECULAR LIMITED PARTNERSHIP | FMV | ||
| SCW CAPITAL L.P. | FMV | $1,778,585 | $1,778,585 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FURNISHINGS & EQUIPMENT | CategoryOrItemTxt |
| Cost Or Other Basis | $13,132 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $5,836 | AccumulatedDepreciationAmt |
| Book Value | $7,296 | BookValueAmt |
| EOYFMV | $7,296 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FULLER DMS PSHIP PASS THRU | |||
| NET RENT R/E LOSS-FULLER DMS | $23,079 | $23,079 | |
| FULLER DMS PSHIP-UBI | |||
| NET RENT R/E LOSS-FULLER DMS | $161 | ||
| EXPENSES | |||
| INVESTMENT EXPENSES | $45,266 | $45,266 | |
| INSURANCE | $3,630 | $1,633 | $1,633 |
| WEBSITE | $879 | $879 | |
| OFFICE SUPPLIES | $4,796 | $2,158 | $2,158 |
| POSTAGE & SHIPPING | $709 | $319 | $319 |
| TELEPHONE EXPENSE | $67 | $30 | $30 |
| COMCAST/DIRECT TV | $4,604 | $2,072 | $2,072 |
| IT EXPENSES | $5,682 | $2,557 | $2,557 |
| MOVING EXPENSE | $1,590 | ||
| BANK CHARGES/CREDIT CARD FEES | $236 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| SAN JUAN BASIN ROYALTY TRUST | $8,034 | $8,034 |
| FROM SCW CAPITAL K-1 | $2,443 | $2,443 |
| FROM DORCHESTER MINERALS K-1 | $4,801 | $4,801 |
| TEXAS MOLECULAR LIMITED PSHIP | $51,967 | |
| TEXAS MOLECULAR LIMITED PSHIP | -$564 | |
| TEXAS MOLECULAR LIMITED PSHIP | $207,871 | |
| TEXAS MOLECULAR LIMITED PSHIP | -$2,256 | |
| SCW CAPITAL LP | $370 | |
| SCW CAPITAL LP | -$1,677 | |
| SCW CAPITAL LP | $1,942 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN UNREAL GAIN/LOSS ON INVESTMENTS | Desc |
| Amt | $1,466,038 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL TAXES PAYABLE | Desc |
| BOY Book Value | $3,746 | BOYBookValueAmt |
| EOY Book Value | $2,795 | EOYBookValueAmt |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp (7 entries)
| Balance DueBalanceDueAmt |
|---|
| NR - JOSE FALCON |
| $105,735 |
| NR - TWO RIVERS REALTY |
| $1,292,434 |
| NR - TWO RIVERS DEVELOPMENT |
| $200,000 |
| NR - C CAHILL |
| $1,008,883 |
| NR - E HARRIS |
| $1,008,883 |
| NR - R HARRIS |
| $1,008,883 |
| NR - PODELAK REAL ESTATE INVEST |
| $1,743,946 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | TAXPAYER & TAX PREPARER LOCATED IN FEDERALLY-DECLARED HURRICANE HARVEY DISASTER ZONE | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 2015 FORM 990-PF EXCISE TAX | $3,450 | |
| 2015 FORM 990-PF PENALTY & INTER | $255 | |
| 2014 FORM 990-PF & 990-T INTERES | $2,732 | |
| FOREIGN TAXES ON DIVIDENDS | $92 | $92 |
Comments